Are my items insured while they are at an auction house waiting to sell?

Not automatically, so ask before you consign. Many auction companies carry insurance covering consigned property while it is in their care, but the scope varies. Some cover items only up to certain limits, some charge the consignor an insurance or loss-and-damage fee, and some exclude certain risks or items.

Read the consignment agreement carefully and look for terms covering loss, theft, damage, how values are determined for a claim, and when coverage starts and ends. Coverage during transport to and from the auction house may be separate from coverage while the item is in storage or on display.

You can also check with your own insurance agent, since your homeowners or collectibles policy may or may not extend to items off your premises. Taking clear photos and keeping records of what you delivered, along with a signed receipt, makes any claim much easier. Rules and practices vary, so get answers in writing.